§ 35-4-23 - Rhode Island capital plan funds. - Rhode-island Statutes

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Statutes > Rhode-island > Title-35 > Chapter-35-4 > 35-4-23

SECTION 35-4-23

§ 35-4-23 Rhode Island capital plan funds.– From the proceeds of any receipts transferred pursuant to the provisions of theRhode Island Constitution, the state controller is authorized to create anaccount or accounts within the bond capital fund. These accounts shall be usedto record expenditures from these receipts, which are authorized to be spentwith the approval of the governor. Certain of these funds may be allocated toagencies for the purpose of completing preliminary planning studies forproposed projects. In the event the project is completed with fundsappropriated from another source, the preliminary planning funds shall bereturned to the bond capital fund and shall be placed in a revolving accountfor future reallocation. The intended use of the Rhode Island capital planfunds shall be determined through the annual capital and operating budgetprocess.

State Codes and Statutes

Statutes > Rhode-island > Title-35 > Chapter-35-4 > 35-4-23

SECTION 35-4-23

§ 35-4-23 Rhode Island capital plan funds.– From the proceeds of any receipts transferred pursuant to the provisions of theRhode Island Constitution, the state controller is authorized to create anaccount or accounts within the bond capital fund. These accounts shall be usedto record expenditures from these receipts, which are authorized to be spentwith the approval of the governor. Certain of these funds may be allocated toagencies for the purpose of completing preliminary planning studies forproposed projects. In the event the project is completed with fundsappropriated from another source, the preliminary planning funds shall bereturned to the bond capital fund and shall be placed in a revolving accountfor future reallocation. The intended use of the Rhode Island capital planfunds shall be determined through the annual capital and operating budgetprocess.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-35 > Chapter-35-4 > 35-4-23

SECTION 35-4-23

§ 35-4-23 Rhode Island capital plan funds.– From the proceeds of any receipts transferred pursuant to the provisions of theRhode Island Constitution, the state controller is authorized to create anaccount or accounts within the bond capital fund. These accounts shall be usedto record expenditures from these receipts, which are authorized to be spentwith the approval of the governor. Certain of these funds may be allocated toagencies for the purpose of completing preliminary planning studies forproposed projects. In the event the project is completed with fundsappropriated from another source, the preliminary planning funds shall bereturned to the bond capital fund and shall be placed in a revolving accountfor future reallocation. The intended use of the Rhode Island capital planfunds shall be determined through the annual capital and operating budgetprocess.